BUY AROUND CURRENT MARKET PRICE @ 545
STOP LOSS CLOSING BELOW @ 500
TAREGT 1 @ 650
safe traders can exit if they are earing around @8-12% on trade.
we trade on price action only.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
BUY - VA TECH WABAG LTD
CMP - Rs. 500
Target - 1: Rs. 635
Target - 2: Rs. 731
Target - 3: Rs. 821
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Timeframe - 2 months - 8 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Follow me for more!
1. Fundamentals:
a. Chennai based company with global presence in 4 continents and more than 20 countries.
b. History of more than 90 years with workforce of more than 2,000.
c. A leading pure water technology.
d. Strong Order Book at Rs. 6500 Crores in Bangladesh which is 2.6 times its annual revenue. Total outstanding orders worth 12,500 crores. Orders...
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
Entry: 520
Target: 630
SL: 483
Pattern: VCP/FLAG & POLE
EMA's : EMA 10 > EMA 21 > EMA 50 > EMA 150 > EMA 200.
Flag: Price breaking out from 6 Week Flag with High Volume.
Pole: Price Up by 35% before forming Flag pattern.
WABAG:- Rounding bottom pattern is formed, wait for breakout, till then keep your eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know...
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
Broke a two year trend line. Looks really good for long.
Ps: Do your own research
Drop in your doubts in the comment section
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Thank you
The stock is testing it's monthly resistance and looks good above 414 level (carry on closing basis). If the breakout is sustained positional targets can be 449 and 500.
Learn & Earn,
Dr. Tanya Kumar
